Big Government to the Rescue

Great column by Howard Kurtz today re: the housing market. He's writing about the inevitable spate of sob stories of poor people who bought half-million dollars homes on nothing down with interest only mortgages. And these people are shocked, shocked!! to find out that they can't afford their McMansion.

But when the mortgage meltdown pieces are written or broadcast, the lead is inevitably someone who is about to lose his or her house, with not so much as a nod toward the notion that these people might have overreached or bears any responsibility at all for their financial plight.

Perhaps inevitably, Hillary Clinton has now proposed a $1-billion fund to help struggling families catch up on their mortgage payments, and John Edwards also wants to give money to those who can't make their payments. So the taxpayers should bail out folks who took out these loans with their eyes wide open?

NOTHING irks me more than Dems who think the American public is so helpless that they need big government to bail them out of every stupid mistake they make.